Economics Practice Quiz 51

Q1.Who is primarily responsible for taking important decisions regarding savings and loan activities within a Self Help Group (SHG)?

A. The bank manager B. Government officials C. The group members D. External consultants

Q2.Self Help Groups (SHGs) primarily aim to organize which segment of the population?

A. Urban professionals B. Industrial workers C. Rural poor, in particular women D. Government employees

Q3.One of the key problems that Self Help Groups (SHGs) help borrowers overcome is the lack of what?

A. Education B. Collateral C. Market access D. Technical skills

Q4.Modern forms of money are primarily linked with which system?

A. Stock market system B. Banking system C. Barter system D. Government treasury system

Q5.In the banking system, who keeps their money in the banks?

A. Borrowers B. Lenders C. Depositors D. Investors

Q6.What do economic activities primarily require?

A. High taxes B. Loans or credit C. Government subsidies D. International trade

Q7.Credit, as discussed in the text, can have what kind of impact on a borrower?

A. Always a positive impact B. Always makes the borrower worse off C. Can have a positive impact or make the borrower worse off D. Has no significant impact

Q8.What are the two main types of sources from which credit is available?

A. Public and private sources B. National and international sources C. Formal and informal sources D. Commercial and non-commercial sources

Q9.Who founded the Grameen Bank and received the Nobel Prize for Peace in 2006?

A. Amartya Sen B. Professor Muhammad Yunus C. Raghuram Rajan D. Abhijit Banerjee

Q10.In which year did Professor Muhammad Yunus receive the Nobel Prize for Peace?

A. 2004 B. 2005 C. 2006 D. 2007

Sign in with Email

Economics Practice Quiz 51